Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty to fraud and money laundering charges in a crypto investment scheme that raised at least $400 million.
Delgado, a Florida resident, entered the plea Tuesday in the U.S. District Court for the Middle District of Florida to conspiracy to commit wire fraud, wire fraud and money laundering.
Prosecutors said the scheme operated from January 2023 through January 2026, promising investors monthly returns of 3 to 8 percent from crypto liquidity pools. Delgado admitted causing at least $250 million in losses.
Investor funds paid earlier participants and financed Delgado’s purchases of six residential properties valued between $1.15 million and $8.5 million each, plus Lamborghinis, Rolls-Royces, Rolex watches and luxury jewelry. He agreed to forfeit eight properties, 11 vehicles and dozens of other assets.
Sentencing is scheduled for October 8. Goliath Ventures entities entered receivership in March and later filed for Chapter 11 bankruptcy.